$SWKS Sees price surge above resistance.
After entering a “Go” trend a month ago, we saw price run up agains resistance and struggle to go higher. Indeed, after the initial move, we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term. GoNoGo Trend then painted weaker aqua bars as price fell. GoNoGo Oscillator also fell from overbought territory to the zero line where it got stuck for several bars. This triggered a Max GoNoGo Squeeze representing the tug of war between buyers and sellers at this level. Now, the Squeeze has been broken by the oscillator moving into positive territory as GoNoGo Trend paints a strong blue bar. This resurgent momentum (Go Trend Continuation Icon) has given price the boost it needed to climb to a new higher high. We will watch to see if price can consolidate at these higher levels and potentially chase the highs from May.
